Historic Easton Inc

Analysis

Historic Easton Inc is a registered charity in United States, based in Easton, MD. It received its IRS tax-exemption ruling in June 1973, 53 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Historic Easton Inc reported income of $128k and spending of $129k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $214k to $128k (-40%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 200%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historic Easton Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within MD. Charities of a similar size with the same main cause include Lakes Area Care Incorporated ($128k), Kernersville Little League Baseball Inc ($128k) and Hardy Group Ministries ($128k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.